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This is just misinformation, I have worked with investment firms and family offices that regularly buy government securities.
by roflyear 4y ago
This is just misinformation, I have worked with investment firms and family offices that regularly buy government securities.
- onlyrealcuzzo 4y agoThe vast majority of HNI wealth is not in treasuries. Some of them have astonishing amounts of money. They own everything under the Sun - obviously some treasuries. There's a lot of rich people - some of them at times are owning a lot of treasuries. The reality is - a small percentage of treasuries are owned by individuals (including - and mostly - 401ks) - I linked to the data above. Anecdotal evidence that you helped some people buy treasuries does not dispute that. Something like ~5% of treasuries are not owned by The Fed, Foreign Governments, Pensions, 401ks, and Banks. The vast majority of that is owned by bond traders. You're talking about maybe $600B owned by a group of people that has >$30T in wealth. That is basically nothing.
- roflyear 4y agoThat is correct, probably just a few percent. But the language here is making it sound like they are not purchased at all by individuals or family offices, and that is not true.